Springs Ranch, Colorado Springs, CO—80922
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Springs Ranch, Colorado Springs, CO
As of Oct '25, the median home price in Springs Ranch, Colorado Springs, CO is $444,000, with a year-over-year change of -2.7%. This indicates that home prices in Springs Ranch, Colorado Springs, CO are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $444,000 | -2.7% |
| Single Family | $448,000 | -2.6% |
| Condos | $283,000 | -5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $323,000 | -3.3% |
3 Bed | $414,000 | -2.6% |
4 Bed | $471,000 | -2.5% |
| 5 Bed | $517,000 | -2.3% |
% of Housing Stock
Rental Trends — Springs Ranch, Colorado Springs, CO
As of July '25, Rentcast reports the average rent in Springs Ranch, Colorado Springs, CO is $2,130, with a year-over-year rent change of -9.4%. Per bedroom, the median rent as of July '25 in Springs Ranch, Colorado Springs, CO is studios: $2,370, 1-bedrooms: $1,570, 2-bedrooms: $1,940, 3-bedrooms: $2,320, 4-bedrooms: $2,550. The most common rental property sizes in Springs Ranch, Colorado Springs, CO are 3-bedroom and 2-bedroom, accounting for 30.7% and 24.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,130 | $2,130 |
| Studio Rent | $2,000 | $2,370 |
| 1 Bed Rent | $1,530 | $1,570 |
| 2 Bed Rent | $1,920 | $1,940 |
| 3 Bed Rent | $2,300 | $2,320 |
| 4 Bed Rent | $2,520 | $2,550 |
% of Rental Stock
Property Listings — Springs Ranch, Colorado Springs, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Springs Ranch, Colorado Springs, CO is 59. This is a increase of 22.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $440,000 | -1.0% |
Listing Count | 177 | 13.0% |
| Listings as % of Homes | 0.7% | 13.0% |
Days on Market | 59 | 22.0% |
Demographics — Springs Ranch, Colorado Springs, CO
As of the latest ACS Survey released in 2023, Springs Ranch, Colorado Springs, CO has a population of 30,400, which has increased by 4.3% over the past 5 years. Springs Ranch, Colorado Springs, CO is a popular place for families, as children make up 25.8% of the population. The area has a moderately educated workforce, with 40.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,400 | 4.3% |
% Under 18 | 25.8% | -7.2% |
% Seniors | 9.4% | 14.6% |
% WFH | 17.1% | 189.8% |
% w/ College Degree | 40.7% | 2.8% |
As of the latest ACS Survey released in 2023, Springs Ranch, Colorado Springs, CO is a predominantly white area, with 64.3% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Springs Ranch, Colorado Springs, CO is hispanic, making up 20.5% of the population. Foreign-born residents account for 9.6% of the population in Springs Ranch, Colorado Springs, CO, and this percentage has increased by 20.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 64.3% | -5.4% |
% Black | 3.9% | -35.0% |
% Hispanic | 20.5% | 22.0% |
% Asian | 3.3% | -10.8% |
% Foreign Born | 9.6% | 20.0% |
Mortgage and Risk — Springs Ranch, Colorado Springs, CO
According to HUD data as of 2023, there were 731 mortgage originations in Springs Ranch, Colorado Springs, CO, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Springs Ranch, Colorado Springs, CO. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 731 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Springs Ranch, Colorado Springs, CO
As of 2024, the percent of homes in Springs Ranch, Colorado Springs, CO under the Section 8 program is 6.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Springs Ranch, Colorado Springs, CO, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 213 |
Total Units Section 8 | 213 |
% Rentals under Section 8 | 6.2% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,530 | $1,850 |
| 2 Bedroom | $310 | $1,920 | $2,230 |
| 3 Bedroom | $820 | $2,300 | $3,120 |
| 4 Bedroom | $1,050 | $2,520 | $3,570 |
Affordability — Springs Ranch, Colorado Springs, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $444,000 |
| Median Household Income | $107,000 |